The Challenge of Manufacturers! Summary of Parts Development Utilizing Cutting-Edge Technology

Here you will find trending news topics in the automotive and mobility markets around the world.

We carefully select interesting news in the automotive industry, both domestic and international, and translate and summarize the contents for your reference. We hope you will find it useful in catching up with the latest news in the industry.

Toyota, Subaru, and Mazda Develop Engines for Electric Vehicles – Compatible with Synthetic Fuels

May 28, 2024 by Bloomberg

Toyota Motor Corporation, Mazda Motor Corporation, and Subaru Motor Corporation announced on March 28 the development of next-generation engines suitable for electrification. These engines are designed to achieve high efficiency and output in combination with electric units, and to improve compactness, design, and aerodynamic performance. In addition to conventional gasoline and diesel oil, the engines will be compatible with a variety of fuels, including synthetic fuel made from hydrogen (e-fuel), biofuel, and liquid hydrogen, with the aim of becoming carbon-neutral.

Toyota and others are pursuing a “multi-pathway” strategy that is tailored to each country’s energy situation, in contrast to the emphasis on electric vehicles (EVs) in Europe and the United States. Internal combustion engine vehicles can also be decarbonized by using alternative fuels such as e-fuel, but lowering the cost of fuel production will be a challenge for widespread use.

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Toyota’s Next Step after HVs: Downsizing Engines for PHVs to Compete with BYD, a Leader in the Market

May 29, 2024 By Nikkei

Toyota Motor Corporation announced on March 28 that it will develop a new engine for plug-in hybrid vehicles (PHVs).While demand for electric vehicles (EVs) is declining, PHVs are growing, and Toyota will strengthen its engine technology development.

Toyota President Tsuneji Sato said at a press conference that the company will focus on both EVs and internal combustion engines. The new engine is 10% smaller than the previous model and will be installed in next-generation PHVs and hybrid vehicles (HVs.) While EV sales have stagnated, sales of PHVs and HVs, which are more convenient to charge, are increasing.

According to Global Data, a British research firm, EV sales will more than triple by 2030, but the percentage of internal combustion engine vehicles such as PHVs is expected to remain high. Many manufacturers are losing money on EVs, and PHVs could become a source of revenue.

PHVs have a longer range, are easier to recharge, and have better environmental performance than EVs; the PHV market is expected to nearly double by 2030.

Toyota’s global sales of PHVs have been stagnant at 120,000 units, and competition is intensifying, especially in the Chinese market. BYD in China has been very successful in PHV sales. Toyota plans to roll back PHVs and strengthen its competitiveness in the eco-car market together with expanding its EV lineup. PHVs and HVs are also being re-evaluated in the U.S. and Europe, and manufacturers are reviewing their strategies.

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Mitsubishi Electric and Aisin agreed to establish a new company to strengthen competitiveness in EV parts

May 24, 2024 by NHK

Mitsubishi Electric Corporation and automotive parts giant Aisin Seiki have agreed to jointly establish a new company to develop and produce motors and other components for electric vehicles (EVs).On April 24, the two companies announced a basic agreement to establish a new company for the development and production of components for EVs and plug-in hybrid vehicles.

The new company plans to further separate some of the automotive parts-related businesses that Mitsubishi Electric spun off in April, with Mitsubishi Electric and its subsidiaries taking a 66% stake and Aisin taking a 34% stake. Mitsubishi Electric is strong in inverter technology, while Aisin is involved in key EV components, including motors.

In addition, there is a growing trend among parts manufacturers to collaborate beyond the conventional framework, such as the business merger between a company affiliated with Hitachi, Ltd. and a company affiliated with Honda in 2021.

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